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Gap, Retail Timeline Saturday, November 15     Author
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Gap, IBM in $1.1 Billion Services Deal
World News World Retail (19) USA (202) Bay Area Bay Area Retail (138) Gap (29) Business Retail
2007 (1) 2006 (1) 2005 (1) 2004 (3) 2003 (2) 2002 (5) 2001 (1)
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Gap Severs Ties With Child Sweatshop

year 2007 Top ^

Oct.28
  A British newspaper found children as young as 10 making clothes in a sweatshop in New Delhi

year 2006 Top ^

Jan.17
  IBM is to take over parts of the clothing retailer's technology operations over the next 10 years

year 2005 Top ^

May.6 Sales fall 5% in April
  This was worse than the 2.5% forecast by Wall Street

year 2004 Top ^

Nov.18 Quarterly profit flattens as sales sag
  The company earned $265 million, or 28 cents per share, an increase of less than 1% from $265 million the last year
Aug.19 Second-quarter sales flat, profits slip  The disappointing summer clearance sales and the cost of retiring some debt early

year 2003 Top ^

Aug.21 2nd-quarter earnings more than triple
  Sales jumped 13% over last year. Gap earned $209 million, or 22 cents per share
Feb.27 Quarter profit meets raised expectations  Gap Inc. warned its performance this month isn't meeting expectations

year 2002 Top ^

Nov.12 Gap sees positive numbers  3,158 stores have been restocked with more basic clothing designed to appeal to mainstream tastes Nov.7 Higher sales ending 29-month slump  Sales far exceeded expectations. Same-store sales climbed 11% in October Oct.10 Port shutdown will sap quarter profit  Shutdown will put a wrinkle in Gap's turnaround efforts by shaving as much as $60 million from its holiday season profits May.17 Gap beats recently raised expectations  Sales sagged in the first quarter and profit was down 68% from a year ago

year 2001 Top ^

Aug.16 Gap's profits down 52%  Slumping retailer beat Wall Street expectations by a cent. Net earnings is $89.7 million, or 10 cents a share



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